Dream Office Real Estate Investment Trst (TSE:D.UN – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.42 and traded as high as C$17.45. Dream Office Real Estate Investment Trst shares last traded at C$17.45, with a volume of 4,300 shares.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Scotiabank upped their price objective on Dream Office Real Estate Investment Trst from C$18.25 to C$19.50 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Desjardins upped their price objective on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. National Bank Financial reduced their price objective on Dream Office Real Estate Investment Trst from C$19.50 to C$19.00 and set a “sector perform” rating for the company in a research note on Monday, April 20th. Finally, TD increased their target price on Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dream Office Real Estate Investment Trst currently has an average rating of “Hold” and a consensus price target of C$19.67.
View Our Latest Analysis on Dream Office Real Estate Investment Trst
Dream Office Real Estate Investment Trst Trading Up 2.6%
Dream Office Real Estate Investment Trst (TSE:D.UN – Get Free Report) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported C$0.51 EPS for the quarter. The firm had revenue of C$46.31 million for the quarter. Dream Office Real Estate Investment Trst had a negative return on equity of 3.21% and a negative net margin of 19.55%. As a group, equities analysts anticipate that Dream Office Real Estate Investment Trst will post 1.4893899 EPS for the current year.
About Dream Office Real Estate Investment Trst
Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company’s real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario. The province of Alberta also brings in a sizable percentage of revenue. The company generates nearly all of its revenue in the form of rental income from mid- to long-term lease agreements with tenants.
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